News

Uncertainty again hangs over Appledore Shipbuilders in England with the loss of a hoped-for £30 million order which has been awarded to a Norwegian shipbuilder and sparking a Transatlantic row.Following the loss…

The Philippine government intends to borrow $1 billion from the Japanese government to develop the shipping industry, Economic Planning Secretary Romulo Neri said recently. The loan would come next year from the…

A consortium trying to land a large shipbuilding contract in Halifax, Canada, is out of the running, a spokeswoman for one of the companies in the syndicate said. Irving official Mary Keith…

More than 100 new offshore drilling rigs and drill ships scheduled for delivery during the next few years will likely be late because of a backlog of shipyard work, said Mark Burns,…

BAE Systems, which recently received a Letter of Intent to provide two frigates for the Royal Malaysian Navy (RMN) via an industrial partnership with Labuan Shipyard & Engineering Sdn Bhd (LSE), believes…

The Greek shipping company Quintana Maritime has taken delivery of a Kamsarmax bulk carrier ?Coal Gypsy? from Tsuneishi Shipbuilding in Japan. The 82,300 dwt newbuilding is the ninth of fourteen Kamsarmax vessels…

Korea's shipbuilding exports will gain 6.1% every year on average for the next 10 years thanks to its technological edge and brisk market, said a London-based market research unit. Having posted an…

The Executive Board and Supervisory Board of Germanischer Lloyd (GL) advised their shareholders to reject the acquisition offer by Bureau Veritas (BV). It would neither meet the needs of the Society and…

Converteam, an international company developing systems and customized solutions for the conversion of electrical energy, and the AC drives manufacturer Vacon have entered into a global cooperation agreement. Under the terms of…

Korea Line has ordered three Capesize bulk carriers from an unspecified shipbuilder at a total cost of about $200 million. Delivery is scheduled from 2010 to 2012.

Global Carriers Bhd in Malaysia has placed an order for two 7,000 DWT double hull clean petroleum product (CPP) tankers from China's Ningbo Dongfang Shipyard. The vessels, priced at $9.98 million, are…

Meyer Werft delivered the 93,500 gt cruise ship "Norwegian Pearl" to Miami-based Norwegian Cruise Line in the Dutch port of Eemshaven. The "Norwegian Pearl" is the third ship out of a series…

Heerema Marine Contractors (HMC) will be placing an order for the construction of a new crane vessel at an estimated cost of $1 billion. The strategy of HMC focuses on full field…

The Michigan Natural Resources Commission has now put the idea of banning ballast water in the Great Lakes on the legislative table. One shipping industry representative says the toll such a ban…

A 10,500dwt bulk carrier built for Japan's NOMA Marine Transport Company was recently launched in northern Hai Phong city. The ship, built by the Bach Dang shipyard company, is the second of…

Dubai Drydocks is looking for new buyers for the four 6,100 dwt bunker tankers it is building for the Emirates National Oil Company (ENOC) after that company decided to cancel the contract.

In the wake of the present boom in offshore oil exploration and production activities in the India, Garware Offshore Services (GOS) has drawn up an acquisition plan involving the procurement of about…

Venezuela Oil (PDVSA) signed an agreement with Brazilian company Andrade Gutierrez to build a shipyard in Venezuela which will provide the state owned oil company with new oil tankers.The creation of this…

A statement made by Rear Admiral Iftikhar Rao, managing director of the Karachi Shipyard in Pakistan, said that the yard would not be privatised and it would continue its operational activities under…

A Florida-based company is suggesting a project of enormous magnitude for Malta, which includes the construction and placing in Qawra Bay of a semi-submerged resort, casino and convention centre. The project also…